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Is Pune The Next Big Property Investment Destination?

Tuesday, 14 April 2015

Currently, Pune has been matching growth with 4 major metros, if not exceeding them. Pune has been tremendously progressing over the last 10 years, and is now the seventh largest metropolitan economy. It has always been on an the investor’s destination map, mostly due to its natural landscapes, openness, and healthy climate, factors which have attracted people to invest in Pune properties. But times have changed for the better as Pune is now a growing IT base. Another reason behind Pune's development is the uninterrupted growth of the automobile sector, with big names like Tata Motors, Mahindra & Mahindra, Mercedes Benz and Force Motors, among others, setting base set up here. This is attracting many individuals who want to move to Pune for successful careers.

Therefore, apart from industrial success, Pune is also experiencing growth in real estate. Many big real estate developers are further expanding their empire in this city. One such company is Kolte Patil Developers Ltd. who have created landmarks across Pune for over 2 decades. Ivy Estate in Wagholi, 24K Glitterati II in Pimple Nilakh, 24K Glamore in NIBM, Three Jewels in Katraj-Kondhwa, stargaze in Chandani Chowk Life Republic in Hinjewadi, are some of their ongoing projects in Pune.

The highest scope in real estate growth is in the suburbs of Pune like Pimple Nilakh, Wagholi, Kharadi and NIBM. Hence, all Kolte-Patil projects are located in suburbs, which offer high appreciation on investments. Over the last few years, Pune has shown a huge demand in luxury homes. Luxury Homes earn great rental returns, and based on location can gradually be of great value.

There's a lot of growth on Pune's real estate horizon, and now is the right time to get your dream property that will also add value to your financial status.